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Cedars-Sinai and MemorialCare Health System Create New Venture Capital Company-Sounds Like A Little Influence of From The United Healthcare Manifesto Is Moving Up to LA, Maybe More Cash For Code for Developers?

I live in the OC and you can’t help but notice the unofficial bed partners of Untied Healthcare subsidiaries and Memorial Care here. It’s getting more pronounced all the time as United owns Monarch MDs as well as Memorial Care MD group and owns the company that runs Greater Newport Doctors, amongst a ton of other investments too where 51% controlling interest is held.

I always like to look at where subsidiaries have influence and where they operate within our Healthcare system as a bit of transparency never hurts so I’m guessing we have Memorial Care maybe getting some guidance here as United has tons of consulting companies. Again this is just a guess on my part after watching all the action over the last few years. The new company name here is Summation Health Ventures and the focus is, well guess what “more software” and that’s what United does with their Optum subsidiary, crank out more and more and more software that does analytics. So let me guess here, is there a chance that this new venture might suggest that folks maybe write some apps or code for one of the Untied Healthcare data platforms? It’s a guess but let’s watch and see how it all works. I just try to follow cash and code trails in Health IT. Verizon does a lot of cash for code promotions too for their platform.

In addition, how many physicians are going to jump for joy to write code? I guess we shall see in time. Life Sciences needs coders for sure but we keep hitting the Health IT area where we are drowning in one after another. Some MDs in the Memorial system too tell me they get paid less than Medicare, so they can maybe learn to write code and supplement their income? Take a look at the link below to see a ton of subsidiaries with United and other insurers are building them too.

I could be out to lunch in speculating here so take it as that but so far I’ve been on target with watching all the complex subsidiary actions of health insurers quite a bit and where they have substantial influence. We have Memorial Foundation members on the board where the physician's group works out of. There was a fund called MemorialCare Investment Fund and I think this is a new version of that effort. I guess the fund could also invest in devices too, but again time will tell and keep your eyes open for potential interactions perhaps with the United subsidiaries s thing develop too. In reading about this I heard very little from Cedars other than the money was equal but MemorialCare seems to be running the how overall. BD

Cedars-Sinai Health System and MemorialCare Health System this week announced the launch of Summation Health Ventures, which they say will enable entrepreneurs, inventors and companies focused on health IT, medical device and other healthcare services to make use of their clinical and technical expertise.

The fund's strategic investments will focus on startup, privately-held and early- to mid-stage companies with experienced management teams, revenue growth potential and products that can improve care delivery, officials say.

"Patient-centered information technologies are essential tools to providing the highest quality of care," adds Thomas M. Prisleac, Cedars-Sinai's president and CEO. "This partnership between Cedars-Sinai and MemorialHealth will foster extraordinary innovation that will help physicians, nurses, other healthcare professionals and patients locally and around the nation."

Dark Arts of Mathemical Deception

Professor Charlie Siefe of NYU, a mathematician debunks clinical trials, and few other items to where data is spun and fools you, every day example, hear about the perfect butt algorithm and more. These are probably some things you have never thought about but again after listening to what he has to say, it’s time to think about being skeptical. Here’s a radio show that also talks about the same topics.

This video digs in a bit further with how fictitious business models are used by banks and companies do this too. The models are so complex that CEOs don’t even understand them. “Quants, The Alchemists of Wall Street will take you through how “math models” work at banks and financial institutions in a way that even the layman can understand. More videos like over at theAlgo Duping/Killer Algorithm Page. Bank of America will also tell you“IT’ is a business” how they make money.

Weapons of Math Destruction

This is a lecture where Kathy O’Neill, a former Quant who worked for a Hedge Fund (Weapons of Math Destruction) on Wall Street will tell you what is done with your retirement money and more. The banks and companies use technology to take advantage because they can. “Of course we are going to take advantage because our tools are our brains…if they could figure out a way to take advantage of pension funds they would, a good interview with explaining smart money and dumb money.

Algorithms Shape The World

This is a very good presentation done a TED Conference and really was the one that got everyone started thinking about algorithms and today it’s talked about a lot. As he says “if you’re an algorithm, life is looking pretty good, but can’t say the same for humans”. What is a black box? Nobody has any control over the flash crash. We have moved forward a bit but still we are writing the unreadable and lost the sense of some of what is happening. Nice plug for Nanex here with research.